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Contributions to the canada pension plan

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Identify the correct statements.

I. The surplus shown on a cash flow statement as at year-end is already reflected in the year-end personal balance sheet.

II. The higher the liquidity ratio, the better.

III. Contributions to the Canada Pension Plan affect the cash flow statement, but not the personal balance sheet.

a) I and II, only

b) II and III, only

c) I and III, only

d) I, II and III

Reference no: EM132348605

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